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Hello, I need help with this accounting problem. I am having difficulty finding the change in retained earnings as well as retained earnings of the
Hello, I need help with this accounting problem. I am having difficulty finding the change in retained earnings as well as retained earnings of the date provided. I've attached the problem below, and thank you for your help!
Retained Earnings Statement Noric Cruises Inc. reported the following results for the month ended October 31: Retained Earnings, October 1 Net income $12,400,000 2,350,000 175,000 Cash dividends declared Stock dividends declared 300,000 Prepare a retained earnings statement for the month ended October 31. Noric Cruises Inc. Retained Earnings Statement For the Month Ended October 31 Retained Earnings, October 1 12,400,000 V Net Income $ 2,350,000 Dividends 475,000 Change in retained earnings v Retained Earnings, October 31 $ Step by Step Solution
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